Entrepreneurship and Enterprise Development:
Through market systems strengthening, micro, small and medium enterprise development, and entrepreneurship promotion, Chemonics helps to create, grow, and sustain businesses that stimulate economic growth. Using a facilitation approach, we work with local businesses and services providers to improve market linkages, foster innovation and product development, increase access to new or improved inputs, and identify market opportunities. We improve access to capital, enhance the technical skills and knowledge of entrepreneurs and employees, and strengthen the sustainability of high-quality business development services, leading to increases in enterprises, jobs, and incomes.
Recognizing that financial services are a key contributor to broad-based economic growth, Chemonics works with financial institutions to increase the availability and affordability of financial services for MSMEs, and underserved populations. We help financial institutions develop and improve micro-lending products, leasing, purchase order financing, mobile money, insurance, and savings products, and help them expand small and medium enterprise (SME) lending by utilizing Development Credit Authority credit guarantees. Chemonics also partners with host country government ministries, central banks, regulators, and other key institutions to develop appropriate financial sector policies and regulations as well as to establish capital markets, credit bureaus, and other key institutions that make up a country’s financial infrastructure.
Public Financial Management:
To help countries better address their development needs and provide efficient and effective public services to their citizens, Chemonics works with governments to build and maintain sound, effective, transparent, and accountable public financial management systems. We increase institutional and human capacity to forecast, manage, and increase domestic resource mobilization, and simultaneously build capacity to plan and execute budgets, as well as to monitor, evaluate, and report on budget expenditures. Chemonics engages in fiscal policy and pension reform, improves debt management and government procurement, and provides technical assistance in auditing, systems design, hardware, and customs operations.
Trade and Regulatory Reform:
To help countries realize the economic benefits of increased trade, Chemonics facilitates trade capacity building and regulatory reform, and promotes trade integration through regional and bilateral trade agreements. Our programs strengthen governments' institutional capacity to coordinate trade and tariff policies, build the capacity of governmental staff to negotiate and implement trade agreements, and support reform for border crossing operations and build the capacity of customs officials. We facilitate World Trade Organization accession and compliance; support trade policy improvements and the establishment of single windows; and improve competition policy, investor protection, and trade-related infrastructure, while engaging in trade promotion to enable countries to benefit fully from trade agreements, resulting in increased investment, jobs, and economic growth.
By reducing barriers to competition, strengthening legal frameworks, and promoting transparent business practices, Chemonics cultivates business climates that enable economic growth. Our approach focuses on reducing risk, lowering the costs of doing business, and creating a confidence-inspiring investment climate. Partnering with host-country governments, we streamline business procedures, encourage operational transparency, increase competition, and develop efficient tax and customs processes. Our programs improve business regulations to decrease transaction costs, strengthen investment and help businesses succeed by increasing the ease of doing business. We build collaborative partnerships with government counterparts, and contribute to improving countries’ World Bank Doing Business Rankings, benefitting individuals, businesses and countries at-large. The resulting enabling environment improvements lead to increased investments, job creation, and business growth around the world.